CBRS

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.19 per $10,000 · paid last 24h −0.116%

Price spread now: Phoenix against Deribit+0.058%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phoenix is 0.058% dearer against Deribit than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit CBRS_USDC-PERPETUAL	206.07	0.0187	pay 0.0023% / 1h	14m 38s	$12K	$5K	10x
Short	Phoenix CBRS	206.19	0.0039	get 0.0005% / 1h	14m 38s	$1K	$108K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee PhoenixbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$31.11
Price spread: +0.058% → 0.000%: $5.82
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$39.29
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Phoenix: live order book, 20 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 20 min ago	10.22 bp	40.3 bp −$40	102.0 bp −$1,020	doesn't fit	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CBRS on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CBRSUSDT	−0.0592%	8h	206.10	+0.015%	$2.4M	$2.4M	20x	as long as short
tradeXYZ xyz:CBRS	−0.0193%	1h	205.80	−0.131%	$42.1M	$4.0M	10x	as long as short
edgeX CBRSUSDC	−0.0082%	4h	206.35	+0.136%	$23K	$221K	10x	as long as short
Aster CBRSUSDT	0.0000%	8h	206.09	+0.012%	$65K	$147K	20x	as long as short
OKX CBRS-USDT-SWAP	0.0000%	8h	206.12	+0.024%	$2.2M	$3.4M	25x	as long as short
SunX CBRS-USDT	0.0000%	8h	206.48	+0.199%	$1K	$2.8M	10x	as long as short
HTX CBRS-USDT	0.0000%	8h	206.41	+0.165%	$9K	$10K	20x	as long as short
Vest CBRS-USD-PERP	+0.0021%	1h	205.98	−0.044%	—	$108K	10x	as long as short
Lighter CBRS	+0.0032%	1h	205.99	−0.039%	$91K	$902K	10x	as long as short
Phoenix CBRSshort	+0.0039%	1h	206.19	+0.058%	$1K	$108K	10x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CBRS-USD	+0.0050%	1h	205.91	−0.078%	$51K	$1.1M	10x	as long as short
Ondo Perps CBRS-USD.P	+0.0050%	1h	206.05	−0.010%	$336K	$718K	10x	as long as short
QFEX CBRS-USD	+0.0080%	1h	206.08	+0.005%	$1.1M	$3.0M	10x	as long as short
Variational Omni CBRS	+0.0090%	8h	206.26	+0.094%	$402K	$99K	—	as long as short
KuCoin CBRSUSDTM	+0.0100%	8h	205.97	−0.049%	$113K	$108K	20x	as long as short
ApeX Omni CBRSUSDT	+0.0100%	1h	206.20	+0.063%	$24K	$139K	50x	as long as short
Orderly PERP_CBRS_USDC_mythos	+0.0100%	8h	206.06	−0.005%	$815	$1K	10x	as long as short
Aevo CBRS-PERP	+0.0104%	1h	206.05	−0.009%	$239	—	10x	as long as short
Extended CBRS_24_5-USD	+0.0136%	1h	205.94	−0.061%	$46K	$391K	10x	as long as short
Binance CBRSUSDT	+0.0140%	8h	205.96	−0.055%	$10.1M	$30.5M	25x	as long as short
BloFin CBRS-USDT	+0.0167%	8h	206.10	+0.015%	$146K	$71K	20x	as long as short
Deribit CBRS_USDC-PERPETUALlong	+0.0187%	1h	206.07	long leg	$12K	$5K	10x
GRVT CBRS_USDT_Perp	+0.0217%	8h	206.18	+0.054%	$449	$217K	10x	as long as short
Bybit CBRSUSDT	+0.0313%	8h	205.97	−0.049%	$2.1M	$2.0M	25x	as long as short
Gate CBRS_USDT	+0.0382%	8h	206.20	+0.063%	$2.9M	$3.0M	50x	as long as short
Coinbase International CBRS-PERP-INTX	+0.0600%	1h	210.27	+2.038%	$115K	$116K	10x	as long as short